Wednesday, October 7, 2009

This is rich (quite literally!) -- in NASDAQ-published remarks today, Schering-Plough CEO Hassan wants people who "add cost" to the health-care delivery system to "contribute more" in health care reform efforts, thus:

. . . .Schering-Plough Corp. (SGP) Chief Executive Fred Hassan echoed that sentiment, arguing in favor of taxes on sugary soft drinks, and even suggested that people engaged in unhealthy living should be required to contribute more to the cost of health care than those with healthier lifestyles.

"I feel if they're adding to the cost of the system, there has to be a level of responsibility," Hassan said. . . .

Let's see -- with his coming "Ultra-Gilded Parachute", CEO Hassan has very-likely added $173 million to the cost of delivering health care, as "New" Merck/Schering-Plough will need to make enough net profit to cover these payments -- in the coming months, and years.

Hey Fred -- your "responsibility payment" has been calculated. It is $173 million.

It is due by April 15, 2010.

All the best,

The 44th President of the United States,and 2009 Nobel Peace Price Winner

Can anyone recommend the top Network Management software for a small IT service company like mine? Does anyone use Kaseya.com or GFI.com? How do they compare to these guys I found recently: N-able N-central database monitoring? What is your best take in cost vs performance among those three? I need a good advice please... Thanks in advance!

More FDA Resources. . .

Blog Archive

Senator Grassley's Concern

stats

FDA Drug Facts

The Condor. . . .

Legal Stuff; Creative Commons Statement 2008-2015

Nothing written, appearing, or linked to, on this site is intended to be individual legal, or investment, advice. Consult a financial or legal adviser before making any trade, or any other decision, based anything you read, or see, on this website. This website treats all U.S. viewers' visitor-paths -- and visits -- as public data. If you are from Europe, understand that this site can see -- but will not disclose to the public -- your visitor-path, in compliance with applicable E.U. directives. All material on this website is derived from public documents, and/or edited, modified, and derived from public domain sources, or in some cases, originally-created by the author(s) of this site. Any use of any proprietary image, document or other data is genuinely-intended by the author(s) to fall under the common-law "fair use" doctrine, as criticism of, and commentary on, matters of substantial public concern -- among them, the for-profit health care system in the Americas. If any person wishes to dispute this assertion of "fair use", please leave a comment in any of the comment-boxes, specifically-identifying the challenged material, and the basis for the challenge, on this site. The Site Administrator(s) will promptly consider the claim. In the same comment-box, the Site Administrator(s) will indicate the site's position on any such claim. This site is not-for-profit. Share, and share-a-like, licenses granted in, and to, all content. Copy-left 2008 though 2016.